Oil volatility returns to pre-Iran war levels as bitcoin volatility jumps

The CBOE Oil Volatility Index (OVZ) has fallen back to 57.63%, matching levels seen in the final week of February before the Iran war began, after spiking above 120% when the conflict broke out. According to CoinDesk, the cooling in energy-market fears is a positive sign for risk assets, but bitcoin has moved the other way, with 30-day implied volatility (BVIV) rising from 36% to as high as 59% since early last week and now around 50%, amid spot ETF outflows, Strategy’s BTC sales and inflation concerns.